INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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LAGOS TASKFORCE CARRIES OUT TRAFFIC ENFORCEMENT EXERCISE AT VICTORIA ISLAND. (PHOTO). #PRESS RELEASE

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 LAGOS TASKFORCE CARRIES OUT TRAFFIC ENFORCEMENT EXERCISE AT VICTORIA ISLAND


The Lagos State Taskforce has conducted a rigorous enforcement exercise along Akin Adesola Street in Victoria Island, extending to nearby streets, in response to the growing unlawful activities of indiscriminate parking by nightclub goers and fun seekers in the vincinity. The operation which was led by the Chairman of the Agency, CSP Adetayo Akerele took place in the wee hours of the night to ensure that all culprits were caught in the act. 

The Chairman disclosed that the area, known for its vibrant nightlife, has faced significant traffic challenges due to vehicles parked haphazardly along the road, causing obstructions that lead to unnecessary traffic congestion and posing a risk to pedestrians and motorists plying the routes.

Akerele further disclosed that the operation came at the backdrop of several complaints received by the Commissioner of Police, CP Adegoke Fayoade who instructed the Chairman of the Taskforce to restore sanity within the area. 

“Our intervention underscores the State Government’s commitment to maintaining order and ensuring that public infrastructure is not monopolised by a selected few.”

During the enforcement exercise, several vehicles were impounded for violating traffic rules while other abandoned vehicles were towed from the area and warning notice placed on the vehicles. The Lagos State Taskforce emphasized that this action is part of its strategy to curb the menace of illegal parking and ensure that public spaces are not misused. 

“By targeting areas like Victoria Island, where nightlife activities often lead to chaotic traffic situations, the Taskforce aims to restore sanity to the roads and create a safer environment for everyone. This enforcement also serves as a warning to other parts of Lagos like Ikeja where similar issues persist.”

The Lagos State Taskforce has reiterated its stance on zero tolerance for actions that disrupt the free flow of traffic and cause public nuisance. Residents are urged to comply with traffic laws and consider the  impact of their actions on the general populace. 

The Chairman concluded that the enforcement exercise on Akin Adesola Street is expected to be the first of many as the Taskforce continues its efforts to ensure that Lagos State remains safe, serene and habitable for all.

Gbadeyan Abdulraheem
Director, Press & Public Affairs
Lagos State Taskforce

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